Romania: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Romania

In 2021, after two years of decline, there was significant growth in the Romanian high-tenacity filament polyester yarn market, when its value increased by 9% to $X. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.6% against 2018 indices. High-tenacity filament polyester yarn consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Romania

In 2021, exports of high-tenacity filament yarn of polyesters from Romania soared to X tons, with an increase of 210% against 2020 figures. Over the period under review, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2014 when exports increased by 509% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 475% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Germany (X tons) and the UK (X tons) were the main destinations of high-tenacity filament polyester yarn exports from Romania, together accounting for 71% of total exports. These countries were followed by Slovakia, France, Hungary, South Korea, Italy, the Czech Republic and Poland, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +116.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for high-tenacity filament polyester yarn exported from Romania worldwide, together accounting for 77% of total exports. France, Slovakia, Hungary, Italy, the Czech Republic, South Korea and Poland lagged somewhat behind, together accounting for a further 20%.

Slovakia, with a CAGR of +127.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, waning by -14.4% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, high-tenacity filament polyester yarn export price increased by +14.1% against 2018 indices. The growth pace was the most rapid in 2013 when the average export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Romania

In 2021, the amount of high-tenacity filament yarn of polyesters imported into Romania reached X tons, growing by 4.5% on the previous year's figure. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 47%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn imports stood at $X in 2021. Over the period under review, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 35%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Vietnam (X tons) were the main suppliers of high-tenacity filament polyester yarn imports to Romania, with a combined 85% share of total imports. These countries were followed by Germany, Italy, Taiwan (Chinese) and Turkey, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +30.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Germany ($X) constituted the largest high-tenacity filament polyester yarn suppliers to Romania, with a combined 82% share of total imports. Vietnam, Italy, Taiwan (Chinese) and Turkey lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Turkey, with a CAGR of +24.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, surging by 7.2% against the previous year. Over the period under review, the import price, however, showed a noticeable contraction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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